Multi-State Operator (MSO)

Cannabis company that operates in multiple states. Generally, MSOs are structured as holding companies (sometime public) with cannabis-licensed subsidiaries in multiple states.


Marijuana Opportunity Reinvestment and Expungement Act of 2020, H.R.3884, bill in the federal House of Representatives that would have removed marijuana from Schedule I of the Controlled Substances Act, expunged certain criminal convictions, and imposed excise taxes on cannabis sales, among other things. The MORE Act passed in the House of Representatives with a vote


Crimes that are less serious in nature that are generally subject to less severe penalties than for felony crimes.


Term used by the United States Food and Drug Administration and state departments of health for certain foods, dietary supplements, or products with label or packaging claims that are false or misleading or do not contain required statements.

Minor Decoy

Law enforcement agent or employee who is younger than the legal age required to purchase cannabis products and who attempts to purchase cannabis from licensed businesses in undercover compliance checks or sting operations.

Medicinal Use Laws

Laws permitting cannabis cultivation, manufacturing, distribution, sales, and use for medicinal purposes. 

Mature Plants

Cannabis plants that have begun to flower or completed flowering.


Process of infusing, extracting, or otherwise making a cannabis product.


A form of cannabis that is listed on Schedule I of the Controlled Substances Act due to the higher presence of Δ9-tetrahydrocannabinol (THC).


Shorthand for mergers and acquisitions. Mergers include the combination of multiple existing businesses into one surviving entity. Acquisitions are the purchase of a business or its assets from its original owners.